State Street SPDR S&P Metals & Mining ETF
$103.76−1.09 (−1.04%)
- 0.35%
- $4.2B
- +4.3%
- 0.33%
- 1.9M sh
- $106.30
- low $85.63high $135.68
The ETF.net XME Grade
B
Score 62 out of 100
- 4 of 14
Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B61 out of 100Rank 6 of 14Mission
Whether the fund did what it promised, tested against its stated mandate.C52 out of 100Rank 4 of 4Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D28 out of 100Rank 13 of 14Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A92 out of 100Rank 2 of 14Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B66 out of 100Rank 5 of 14Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A72 out of 100Rank 4 of 14
Our read on XME
BNot the chemicals-heavy materials fund. XME holds roughly 40 miners and steelmakers on a modified equal weight, so a small copper name carries about the weight of a giant. Ore, coal and metal, since 2006.
The fund seeks to track, before fees and expenses, the total return performance of the S&P Metals and Mining Select Industry Index.
Why people hold it
- Pure play on the metals and mining slice: aluminum, coal, copper, gold, precious metals, silver and steel sub-industries, not the whole materials sector.ssga.com
- Modified equal weighting spreads exposure across large, mid and small caps, so the biggest miners don't set the tone for the whole portfolio.ssga.com
- One of the more actively traded funds in its corner of the market, and a multi-billion-dollar fund that has been running since 2006.
- 0.35% expense ratio, slightly under the median for the materials funds we grade, which is unusual for a narrow industry sleeve.
Worth knowing
- Broad materials funds cost far less: XLB at 0.08% and VAW at 0.09%. They also own a very different mix, chemicals and packaging included.
- About 40 names, many of them smaller miners, in one cyclical industry. Swings run wider than a diversified sector fund's.
- The portfolio's fortunes track commodity cycles in steel, coal, copper and gold rather than broad industrial demand.ssga.com
XME Holdings
- Stocks
- 40
- 51%
- CLF
Sectors
- Materials80.3%
- Energy13.6%
- Industrials6.1%
Geography
- United States99.13%
- Canada0.87%
XME Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
XME$10,427
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XME |
|---|---|
| Year to date | +1.4% |
| 1 month | −7.7% |
| 3 months | +1.2% |
| 1 year | +4.3% |
| 3 years | +28.3% |
| 5 years | +20.4% |
| 10 years | +16.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XME |
|---|---|---|
| 2026 YTD | +1.4% | |
| 2025 | +83.5% | |
| 2024 | −4.5% | |
| 2023 | +21.5% | |
| 2022 | +13.1% | |
| 2021 | +34.9% | |
| 2020 | +16.0% |
XME in the news
XME Dividends
- 0.33%
- $0.34
- $0.07 per share
- Quarterly
Distribution history
XME Risk
- 29.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.78
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −37.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.32
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XME Cost
0.35%
XME0.35%
- The middle half of Materials (Broad) funds
- Median 0.37%
5 of the 14 Materials (Broad) funds charge less.
Other funds in Materials (Broad)
- BFMATFidelity MSCI Materials Index ETFExpense ratio 0.08%1 year return +12.6%
- BVAWVanguard Materials ETFExpense ratio 0.09%1 year return +12.9%
- BMXIiShares Global Materials ETFExpense ratio 0.37%1 year return +23.0%
- BIYMiShares U.S. Basic Materials ETFExpense ratio 0.37%1 year return +26.8%
- CPSCMInvesco S&P SmallCap Materials ETFExpense ratio 0.29%1 year return +27.9%